Americold Realty Trust (NYSE:COLD) Shares Gap Up – What’s Next?

Americold Realty Trust Inc. (NYSE:COLD)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $14.03, but opened at $15.32. Americold Realty Trust shares last traded at $15.1840, with a volume of 912,169 shares traded.

Analysts Set New Price Targets

COLD has been the subject of several recent analyst reports. Robert W. Baird set a $15.00 price objective on shares of Americold Realty Trust in a research note on Friday, May 8th. Wells Fargo & Company raised their price target on shares of Americold Realty Trust from $14.00 to $15.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. UBS Group boosted their price target on shares of Americold Realty Trust from $13.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Citigroup upped their price target on shares of Americold Realty Trust from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Finally, Weiss Ratings upgraded Americold Realty Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 23rd. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $15.25.

Americold Realty Trust Price Performance

The firm has a market capitalization of $4.32 billion, a PE ratio of -38.50 and a beta of 0.97. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.11 and a quick ratio of 0.11. The business’s 50 day moving average is $15.03 and its two-hundred day moving average is $13.53.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.35 EPS for the quarter. The firm had revenue of $662.89 million for the quarter, compared to analyst estimates of $613.54 million. Americold Realty Trust had a negative net margin of 4.29% and a negative return on equity of 3.73%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.36 EPS. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. As a group, research analysts anticipate that Americold Realty Trust Inc. will post 1.15 EPS for the current year.

Americold Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 6.1%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -235.90%.

Hedge Funds Weigh In On Americold Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. grew its position in shares of Americold Realty Trust by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock valued at $27,000 after purchasing an additional 806 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Americold Realty Trust by 51.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company’s stock worth $36,000 after purchasing an additional 942 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Americold Realty Trust by 63.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock worth $30,000 after buying an additional 948 shares in the last quarter. Norinchukin Bank The lifted its position in shares of Americold Realty Trust by 8.0% in the third quarter. Norinchukin Bank The now owns 13,465 shares of the company’s stock worth $165,000 after buying an additional 1,001 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in Americold Realty Trust by 9.2% during the fourth quarter. Empowered Funds LLC now owns 13,762 shares of the company’s stock valued at $177,000 after buying an additional 1,164 shares during the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

About Americold Realty Trust

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.